Key stats
About Schwab Municipal Bond ETF
Home page
Inception date
Oct 12, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Charles Schwab Investment Management, Inc.
Distributor
SEI Investments Distribution Co.
ISIN
US8085246499
SCMB is a passively managed fund of fixed income securities issued by US states and territories, primarily those that are exempt from federal taxes and not subject to alternative minimum tax. These securities must be USD-denominated, rated investment grade, have at least a one day remaining term to final maturity, and a fixed coupon schedule. The underlying index excludes step coupon securities, taxable municipal securities, floating rate notes and variable rate demand obligations or notes and private placements. A small portion of the fund may be invested in securities not included in the index. The index follows a market-value weighting scheme and updates underlying securities on the last business day of each month.
Related funds
Classification
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal100.00%
Cash0.00%
Top 10 holdings
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SCMB assets under management is 2.38 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SCMB invests in bonds. See more details in our Analysis section.
SCMB expense ratio is 0.03%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, SCMB isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, SCMB pays dividends to its holders with the dividend yield of 5.60%.
SCMB shares are issued by The Charles Schwab Corp.
SCMB follows the ICE AMT-Free Core U.S. National Municipal Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 12, 2022.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.